JPMorgan initiated coverage of UMB Financial with an overweight rating and set a price target of $180 by December 2027. The Kansas City regional bank has expanded beyond traditional banking, with fee income now representing about 30% of total revenue compared to a median of roughly 20% for peers. JPMorgan expects normalized loan and deposit growth in the high single-digit range, driven by its expanded footprint across the Midwest, West and South. The average Wall Street price target stands at $165.77, roughly 14% above current trading levels. UMB Financial shares have edged down nearly 2% year to date.
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